Revenue Precedents

A Diplomatic Agent is exempt in respect of gains on assets other than investments made in commercial undertakings in the State. In practice, this exemption will be treated as covering a period of up to one year after the end of their posting. If the disposal is at a later date, the gains will be apportioned. G54(1)

The OTC Bulletin Board is not a Stock Exchange for the purpose of section 29 TCA 1997. However, where a company has applied for a full listing on NASDAQ, its ADR's will be treated as “shares quoted on a Stock Exchange” for the purpose of the said section 29. G.160(1)